New owners Tim and Chris Vanderhook, plus pop star investor Justin Timberlake, have rebuilt the site from scratch with a fresh focus on music discoverability- but are the changes enough to bring users back to the site?

Keen to be seen as more than just another social network, the new Myspace embraces its former rivals by encouraging users to log on using their Facebook and Twitter details.

Featuring a new horizontal swipe-friendly activity stream, the new site is perfectly tailored for mobile devices.

Helping users search for and connect with new music is primarily what the new Myspace is all about, while also giving artists and audiences a platform to connect.

The same philosophy helped the original Myspace become a hit in the UK, helping kick-start the careers of unsigned artists such as Lily Allen and the Arctic Monkeys.

With more than 100,000 music videos and 53million songs available on the site, Myspace certainly has the content needed to create the ‘great music discovery experience’ it promises but clearly faces a tough task loosening Spotify’s tight grip on the digital music market.

Another major draw is the site’s impressive new ultra-modern user interface which exudes the kind of slickness usually reserved for one of Mr Timberlake’s music videos.

Featuring a new horizontal swipe-friendly activity stream, the new site is perfectly tailored for mobile devices.

However, with Google+, Facebook, Twitter, Instagram and Spotify all vying for our browsing attention, is there really space for another multimedia platform like the new Myspace?

While Myspace may struggle to reconnect with the millions of lost users who once flocked to the site daily, the new site is likely to appeal to a niche market of music lovers, creatives and artists.

The redesign will also help Myspace claw back some much-needed credibility, over time, despite the attempt at another site rebrand being met with ridicule by many observers on Twitter.

‘We need to go out and re-earn the respect of a community that may be sceptical of Myspace and what we stand for,’ the Vanderhooks told Metro.

Despite the criticisms, with a growing base of more than 25million registered active users, a new platform and the backing of Timberlake, Myspace may not be Dead and Gone just yet.

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